Mountain Electric Cooperative customers, North Carolina · Loan
EnergyRight Heat Pump Loan (Mountain Electric Cooperative)
Run by Mountain Electric Cooperative
Mountain Electric Cooperative members can finance a heat pump at 8% with no down payment and repay it on the electric bill, through TVA's EnergyRight program and a Quality Contractor.
Amounts
How much you get
8% financing, no down payment, repaid monthly on the electric bill. TVA EnergyRight's financing page says loans run from $2,500 to $20,000.
Eligibility
Do I qualify?
You need to meet all 4 of these.
Mountain Electric Cooperative residential member.
Work must be done by a member of TVA EnergyRight's Quality Contractor Network.
What to doPick a contractor from the Quality Contractor Network list. Get a quote from a contractor
Credit score of 625 or above.
The loan must be in the landowner's name.
Equipment
What equipment counts
Applying
How to apply
Your contractor applies for you.
- Pick a contractor from the Quality Contractor List.
- Apply for financing.
Call Mountain Electric at 423-727-1805 or start at energyright.com.
- Repay monthly on your electric bill.
Forms and instructionsTVA EnergyRight home energy upgrade financing
Questions about applying423-727-1805
Stacking
Use it with
Your address
Next steps
Check that it covers your address. Then, if you want, ask for a contractor quote.
Is it available at your address?
Before anything else
Your quote request is in If a contractor we work with serves your ZIP, they can contact you. We take one request per person; contact us to change it.
Get an email if this program changes
We'll write if its amount, status or deadline changes. Nothing else.
FAQ
Questions
How much does EnergyRight Heat Pump Loan (Mountain Electric Cooperative) pay?
Up to $20,000 loan.
Do I need to be a Mountain Electric Cooperative customer?
Yes. It’s only for homes in Mountain Electric Cooperative customers, North Carolina. See Do I qualify for the details.
Do renters qualify?
The loan must be in the landowner's name.
Do I have to use a contractor?
Yes. Work must be done by a member of TVA EnergyRight's Quality Contractor Network.
Is it still available?
Yes. It was open when we last checked, on October 25, 2026.
Plain words
Words used on this page
References
Sources
This page is built from these official pages, run by the program itself.
When one of these pages changes, we re-check this page against it.
Nearby
More in North Carolina
All of North Carolina
Home Electrification and Appliance Rebates (HEAR)
Up to $14,000
Instant discounts of up to $14,000 per household on heat pumps, heat pump water heaters, electric cooking, heat pump dryers, insulation and air sealing, panels and wiring, for North Carolina households up to 150% of area median income, through a Registered Contractor.
Checked Oct 25, 2026
All of North Carolina
Homeowners Managing Efficiency Savings (HOMES)
Up to $16,000 back
Rebates of up to $16,000 for whole-home energy upgrades (insulation, air sealing, heating and cooling, water heaters, windows, appliances) that save at least 20% of a home's modeled energy use, for North Carolina households up to 150% of area median income.
Checked Oct 25, 2026
All of North Carolina
Weatherization Assistance Program
Work done at no cost
Free home energy audit and upgrades (air sealing, insulation, duct sealing, heating and cooling tune-up, repair or replacement, and safety measures) for North Carolina homeowners and renters with incomes below 200% of the federal poverty level, through local weatherization agencies.
Checked Oct 26, 2026